Hosted by IDTechEx
HomeEventsReportsAdvertiseTVCareersAbout UsIDTechExTwitterFacebookLinkedInYoutubeRSSForward To Friend
Electric Vehicles Research
Posted on July 27, 2018

Japan aims to have all new passenger cars electric by 2050

The Japanese government has aims to have all new cars sold in Japan be electric or hybrid vehicles by 2050 an economy ministry panel has said. For more information see the IDTechEx report on electric vehicles.
 
The panel is reported to have included major automakers such as Toyota Motor Corp, Nissan Motor Co and Honda Motor Co Ltd, also reported that a new industry organization will be set up early next year under which automakers will collaborate in the joint procurement of cobalt, an essential element involved in the manufacturing of electric car batteries. The target is for no new Japanese vehicles to be run solely on gasoline by 2050. "The new entity is aimed to disperse risks among battery users for securing cobalt supply which is dominated by DRC and at a time when growth rate of cobalt's demand is still uncertain," a government source was reported as saying. "Japanese battery-makers may also join the new scheme," he said.
 
The panel also set a target for Japan to reduce carbon dioxide and other greenhouse gasses in vehicle emissions by about 80 percent per vehicle by 2050. The figure means a 90 percent reduction for passenger cars.
 
The panel, set up by the trade ministry in April to discuss ways to spread the use of electric vehicles, also set a target to reduce greenhouse gas emissions of a single passenger vehicle by 90 percent by 2050, compared with 2010 levels.
 
"It is a goal that can only be set by Japan, a country that boasts the world's top-level auto industry," Hiroshige Seko, minister of economy, trade and industry, told the panel meeting. "It will send a message that will have a great impact on the global market."
 
Under the new strategy, the government plans to offer subsidies to accelerate private-sector development of batteries and motors for electricity-powered vehicles. It will also help automakers secure stable supplies of rare metals, the essential materials of batteries.
 
Sources: Asahi Shimbun, Japan Times
 
 
Top image: Wikipedia
Learn more at the next leading event on the topic: Electric Vehicles: Everything is Changing Europe 2019 External Link on 10 - 11 Apr 2019 at Estrel Convention Center, Berlin, Germany hosted by IDTechEx.